Lands’ End, Inc. (NASDAQ:LE) Sees Significant Increase in Short Interest

Lands’ End, Inc. (NASDAQ:LE) was the target of a significant increase in short interest in the month of October. As of October 15th, there was short interest totalling 1,100,000 shares, an increase of 6.8% from the September 30th total of 1,030,000 shares. Based on an average daily volume of 111,100 shares, the short-interest ratio is presently 9.9 days. Currently, 9.5% of the shares of the company are sold short.

Lands’ End Price Performance

Shares of LE stock traded down $0.63 on Thursday, reaching $15.74. The company’s stock had a trading volume of 107,938 shares, compared to its average volume of 105,893. The company has a quick ratio of 0.41, a current ratio of 1.64 and a debt-to-equity ratio of 1.10. Lands’ End has a 12-month low of $6.07 and a 12-month high of $19.88. The company has a market capitalization of $494.33 million, a P/E ratio of -3.86 and a beta of 2.77. The stock’s 50 day simple moving average is $16.13 and its 200-day simple moving average is $15.06.

Lands’ End (NASDAQ:LE) last issued its quarterly earnings data on Thursday, September 5th. The company reported ($0.02) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.10) by $0.08. Lands’ End had a negative return on equity of 1.03% and a negative net margin of 9.20%. The company had revenue of $317.17 million for the quarter, compared to the consensus estimate of $306.00 million. As a group, equities analysts predict that Lands’ End will post 0.37 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Lands’ End

Institutional investors and hedge funds have recently made changes to their positions in the business. Gladius Capital Management LP purchased a new stake in Lands’ End during the second quarter valued at about $31,000. SG Americas Securities LLC purchased a new position in shares of Lands’ End in the third quarter worth about $101,000. BNP Paribas Financial Markets increased its holdings in shares of Lands’ End by 65.0% in the first quarter. BNP Paribas Financial Markets now owns 6,999 shares of the company’s stock worth $76,000 after buying an additional 2,757 shares during the period. O Shaughnessy Asset Management LLC increased its holdings in shares of Lands’ End by 41.6% in the first quarter. O Shaughnessy Asset Management LLC now owns 14,962 shares of the company’s stock worth $163,000 after buying an additional 4,392 shares during the period. Finally, XTX Topco Ltd bought a new stake in shares of Lands’ End in the second quarter worth about $343,000. Hedge funds and other institutional investors own 37.46% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com raised Lands’ End from a “hold” rating to a “buy” rating in a report on Friday, September 6th.

About Lands’ End

Lands’ End, Inc operates as a digital retailer of apparel, swimwear, outerwear, accessories, footwear, home products, and uniform in the United States, Europe, Asia, and internationally. It operates through U.S. eCommerce, International, Outfitters, Third Party, and Retail segments. The company also sells uniform and logo apparel.